Risk Factors Update Summary
- The Merger faced legal challenges leading to potential termination, impacting operations and financials.
- The Merger Agreement may be terminable post-January 28, 2024, affecting completion certainty.
- Labor costs increased substantially in 2021 and 2022, with an expected $180 million increase in 2023.
- Pratt & Whitney engine issues led to service discontinuation at Denver International Airport.
- Credit ratings were downgraded by Fitch and S&P Global, impacting financial standing and operations.
- Future principal debt obligations of $305 million due in 2024 could impact financial flexibility.
- Stock price volatility due to Merger-related announcements could affect investor confidence and retention.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1498710&owner=exclude
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